The Nikkei 225 Index jumped 1.1% to above 38,400 while the broader Topix Index gained 0.4% to 2,655 in post-holiday trade on Tuesday, as a solid corporate outlook, helped in part by a weaker yen, supported Japanese equities.
Investors also continued to assess the monetary policy outlook in the country after the Bank of Japan held interest rates steady at 0.25% last week and highlighted diminishing global economic risks that could set the stage for further rate hikes.
Meanwhile, investors remained cautious ahead of the closely contested US presidential election and the latest Federal Reserve rate decision. Technology stocks led the charge, with strong gains from Disco, Lasertec, Advantest and Tokyo Electron. In corporate news, Sanrio Co surged 13.8% after Jefferies upgraded its price target for the Japanese entertainment company from 4,500 yen to 5,000 yen.
Source : Trading Economics
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